Activision Blizzard Appoints Three Long-Time Company Veterans to Lead Operating Units

8:00 am ET January 9, 2019(BusinessWire)Print

Activision Blizzard, Inc. (Nasdaq: ATVI) today announced key leadership
appointments, naming long-time veteran executives to lead three of the
Company's operating units. Call of Duty(R) Executive Vice President and
General Manager Rob Kostich has been named President of Activision;
Humam Sakhnini has been named President of King Digital Entertainment,
having most recently served as both Chief Financial Officer and Chief
Strategy Officer of the operating unit. The Company also named Dennis
Durkin President of Activision Blizzard's Emerging Businesses, in
addition to his role as Chief Financial Officer of the Company. As
previously announced, veteran Blizzard executive and World of Warcraft(R)
Executive Producer J. Allen Brack continues to serve as the President of
Blizzard Entertainment.

"Rob, Humam, Dennis and J. exemplify our deep bench of operational and
commercial leadership. These capable and seasoned executives have shown
unwavering commitment to our company, our employees, and our beloved
community of fans around the world," said Bobby Kotick, CEO of
Activision Blizzard. "With these proven, principled leaders at the helm,
we will continue to invest in the strategic growth drivers of our
business; our talented people, and creating the world's best videogames,
live services, mobile experiences, and new and growing franchise
engagement models."

Kostich Named President, ActivisionRob Kostich has led the
Company's most iconic franchise, Call of Duty(R), for the past 10 years.
He is an Activision veteran of nearly 15 years and, as President,
Kostich will oversee strategy and operations, including game
development, for the operating unit. Under his leadership as GM and
Executive Vice President of the franchise, Call of Duty(R) has become one
of the most successful entertainment properties in history. As a
franchise, Call of Duty has now generated more revenue than the Marvel
Cinematic Universe in the box office, and double that of the cumulative
box office of Star Wars.

During his tenure, Call of Duty has been the No. 1 top-selling console
video game franchise in the U.S. for the last decade. Mr. Kostich also
serves as President of the Call of Duty Endowment and has overseen the
growth of Call of Duty esports including the establishment of the Call
of Duty World League, a leading esports organization. Prior to joining
the Company, Mr. Kostich held a variety of leadership and marketing
positions at Verisign, Nestle USA and The Clorox Company.

Sakhnini Named President, King DigitalAs President of King,
Humam Sakhnini will oversee all operational management in partnership
with King CEO Riccardo Zacconi. Most recently, Mr. Sakhnini served as
the Chief Financial Officer and Chief Strategy Officer of King, a role
he's held since April 2016. Mr. Sakhnini previously spent six years at
Activision Blizzard as the Chief Strategy and Talent Officer for the
Company. During this time, he led several successful growth and
corporate development initiatives, including the Company's acquisition
of King.

Prior to joining Activision Blizzard, Mr. Sakhnini was a partner at
McKinsey & Company for eight years, where he provided counsel to
executives at the world's leading media and technology companies. During
his tenure at McKinsey, he focused on business strategy including
acquisitions, international growth and market entry, as well as
marketing, sales, and organizational transformation.

Durkin Named President, Emerging BusinessesDennis Durkin,
who was recently re-appointed Chief Financial Officer of Activision
Blizzard, will also serve as President of the Company's Emerging
Businesses, working closely with each division's leadership team. In
this expanded role, Mr. Durkin will oversee operational management of
Activision Blizzard Esports Leagues, Activision Blizzard Studios and
Activision Blizzard Consumer Products Group. Mr. Durkin previously held
the role of CFO from March 2012 to May 2017, and most recently, served
as Chief Corporate Officer for the Company.

During Mr. Durkin's initial tenure as Chief Financial Officer of
Activision Blizzard, the Company delivered strong financial performance,
and a greater than 400 percent increase in the stock price during that
time. Prior to joining the Company, Mr. Durkin held a number of
positions of increasing responsibility at Microsoft Corporation during
an over twelve-year period, including Corporate Vice President and Chief
Operating and Financial Officer of Microsoft's interactive entertainment
business (IEB), which included the Xbox console business.

J. Allen Brack, President, Blizzard EntertainmentOn Oct 2,
2018, Activision Blizzard appointed J. Allen Brack as President of
Blizzard Entertainment. J. continues to serve in this role, overseeing
strategy and operations, including game development, for the operating
unit.

J. is a seasoned game industry veteran bringing nearly 24 years'
experience to this role. As President of Blizzard Entertainment, Brack
is dedicated to maintaining the high standard of quality that has
propelled Blizzard to become an internationally recognized leader in
interactive entertainment. Most recently, Brack served as executive
producer and senior vice president for World of Warcraft, the #1
subscription-based MMORPG in the world. Throughout his twelve years at
Blizzard, World of Warcraft has captivated millions of players
worldwide and received a steady stream of high-quality content updates,
including multiple expansions that rank among the fastest-selling PC
games of all time. Prior to joining Blizzard, Brack held multiple roles
at Origin Systems, Inc., working on the Wing Commander franchise,
and then at Sony Online Entertainment LLC working on Star Wars
Galaxies.

About Activision BlizzardActivision Blizzard, Inc., a
member of the Fortune 500 and S&P 500, is the world's most successful
standalone interactive entertainment company. We delight hundreds of
millions of monthly active users around the world through franchises
including Activision's Call of Duty(R), Destiny, Spyro(TM), and Crash(TM),
Blizzard Entertainment's World of Warcraft(R), Overwatch(R), Hearthstone(R),
Diablo(R), StarCraft(R), and Heroes of the Storm(R), and King's Candy Crush(TM),
Bubble Witch(TM), and Farm Heroes(TM). The company is one of the Fortune "100
Best Companies To Work For(R)." Headquartered in Santa Monica, California,
Activision Blizzard has operations throughout the world. More
information about Activision Blizzard and its products can be found on
the company's website, www.activisionblizzard.com.

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